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New Primark commercial properties planned
Primark owners Associated British Foods (ABF) have announced a number of business properties will open in the coming months.
In its third-quarter management statement, the organisation noted Primark retail outlets are "having an excellent year".
Some 198 commercial properties are currently operating under the retail brand, over 6.2 million sq ft of selling space.
Five more stores will open in before the end of the year, with two of these being launched in Spain.
ABF revealed revenue year-to-date rose by 17%, which is thought to have been driven by a rise in the number of outlets and sales growth.
In recent months the company has opened Primark stores in Chester and Barcelona, with Spain showing "particularly strong trading" results, it was noted.
The first Primark commercial property in Great Britain was opened in 1973, with the firm already successfully operating in Ireland.
And the brand launched its first Spanish store in Madrid in 2006.
Posted by James Collins
In its third-quarter management statement, the organisation noted Primark retail outlets are "having an excellent year".
Some 198 commercial properties are currently operating under the retail brand, over 6.2 million sq ft of selling space.
Five more stores will open in before the end of the year, with two of these being launched in Spain.
ABF revealed revenue year-to-date rose by 17%, which is thought to have been driven by a rise in the number of outlets and sales growth.
In recent months the company has opened Primark stores in Chester and Barcelona, with Spain showing "particularly strong trading" results, it was noted.
The first Primark commercial property in Great Britain was opened in 1973, with the firm already successfully operating in Ireland.
And the brand launched its first Spanish store in Madrid in 2006.
Posted by James Collins
Thu, 8th Jul 2010